The Stock Market: The Stock Market Crash in the Stock Market

The merciless arithmetic of investing in commodity producers is imposing itself on many a portfolio: Copper down a few percentage points; copper stocks cut in half. It’s nice when the swing works in your favour; when it’s conspiring against your wealth, it’s an agony not even the Marquis de Sade could dream up. The bad [...]

U.S. President Barack Obama is to meet Wednesday with senior congressional lawmakers for budget talks, the White House says. The meeting was scheduled to start at 2:50 p.m. ET. White House spokesman Jay Carney also signaled a position shift by Obama in a bid to resolve the impasse that has less than two weeks to [...]

The troubled automaker issues a statement saying that it is not considering bankruptcy, after its shares sank 31% in Thursday trading. NEW YORK (CNNMoney.com) — General Motors is not considering bankruptcy, the company said in a prepared statement Friday. The announcement was in response to the automaker’s precipitous stock price decline the previous day, a [...]

General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as “unprecedented challenges”. Fears have been growing that the biggest US carmakers, GM and Ford, are close to calamity as the crisis in the financial markets has bled into the real economy. Shares in the pair were back under pressure [...]